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tv   President Biden on Made in America Plans  CSPAN  March 4, 2022 1:30pm-1:48pm EST

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about stability, i don't think that is the case. i think he knows just what he was doing all along. he has never received any pushback. i think he is just going to keep going as far as he can until somebody steps up and says enough is enough. anybody that is willing to poison or imprison, pres. biden: thank you. earlier this week i said that there was something happening in
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america, starting with the economic recovery we are seeing now. today we have learned that in february our economy created 678,000 new jobs. 678,000. over the course of my presidency, our economy has now created 7.4 million jobs. more jobs created in 13 months than any time in our history. we learned that the unemployment rate fell to 3.8% in february, down from 6.4% the day i took office. which is the fastest decline in the unemployment rate in recorded history, because of all of you. before the american rescue plan past, the congressional budget office did not project the unemployment rate to hit 3.8% at any time over the entire decade. americans are back to work. yes, family budgets are still
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tight, but many americans are getting paychecks this year more than they got last year. and restoring the dignity of work, so they can show up to work with some pride. job gains in february were broad-based across sectors from construction to retail, manufacturing to leisure and hospitality. the decline in the unemployment rate was broad-based as well. the fact that the unemployment rate among workers without high school degrees fell to 4.3%, the lowest on recorded history -- in recorded history, 4.3%. it is amazing. weekly earnings rose in february, the people in working-class sectors like transportation, warehousing, saw some of the strongest wage gains. this is what it looks like to grow in economy from the bottom up and middle out. because of the progress we have made in fighting covid,
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americans cannot only get back to work but they can go to the office and safely fill our cities again, creating more commerce. 75% of americans are fully vaccinated and hospitalizations are down by 77%. most americans cannot remove masks and move forward safely. the news is a welcome reminder that we are coming back stronger as a country, and as a people. we have been through two of the hardest years this nation has ever faced, the pandemic has been punishing, as you know, and some of you may know it from a personal standpoint. maybe you lost some bun -- so much in this process. it has been punishing. but we are coming back. so many families are still struggling to make ends meet because of inflation. our top priority must be getting prices under control. our economy awarded back faster than most predicted, but the
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pandemic meant that businesses had a hard time hiring enough workers to keep up with production in the factories. the pandemic also disrupted the global supply chains. when factories" it takes longer to make goods and get them to the workhouse, to the store and prices go up. take a look at cars. last year, there were not enough semiconductors to make all the automobiles people wanted to purchase. they had more money in their savings accounts. but they were not able to go out and spend it on leisure because of covid, so what happened? they decided to purchase products like everything from homes to automobiles, to hard products. the price of automobiles, for example, went way up with people seeking them and fewer being made. and we have a choice, the way to fight inflation is to drive down wages and make americans poorer
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or fight inflation, lower costs and raise wages. the more semiconductors we make in america -- and by the way, they were invented in america, the semiconductors, when we went to the moon. when we focus on making sure that we make those again in the u.s., we make a heck of a lot more cars and we bring the prices down. investment in america in rebuilding the roads, bridges, and airports, we invest in innovation. that is exactly what we are doing. as a result, we are seeing more jobs and we are also seeing something else, the rebirth of pride that comes from stamping products made in america. and we are seeing the revitalization of american manufacturing.
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that is what i want to talk about. today, companies are building new factories when just a few years ago they would have invested overseas. they are now investing in america. intel, the chairman of the board of intel was here, and he announced a $20 billion investment to build a semiconductor mega site outside of columbus, creating 10,000 new jobs. a portion of them were construction jobs, but the full-time jobs, the average salaries will be $135,000 a year. if congress passes a bipartisan innovation act, intel will increase their investment from $20 billion to $100 billion. as i said, we invented the semiconductor. but we have not been making them here for a long time. we had to wait, it cost more.
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that is what i mean when i say we need to deal with supply chains. since i took office, companies have announced investments totaling $100 billion in the electric automobile industry, companies like gm, new electric vehicle production. tesla, our largest electric car manufacturer. to innovate and inspire younger companies like riviera -- b uilding electric trucks, building electric buses. last month, they were rear. -- a $700 million investment by 2025 that will have a fully domestic end to end supply chain further magnets they use and electric vehicle motors, wind turbines and defensive systems. they are investing that money here in the united states.
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the young pacific railroad announced the largest purchase of american-made batteries in history. and they are built in western pennsylvania. the economy created 423,000 new manufacturing jobs in america, paying decent salaries, just since i entered office. there is also another reason this is happening. we are not waiting for others to manufacture the products we invented. we know what to do, we know how to manufacture things in america. and that progress continues. i just had a chance to visit, i had a tour of the facility in component and the other in grand prairie, texas. a chance to talk with the workers there, because the infrastructure provides $7.5 billion, $7.5 billion to build a national network of 500,000 electric vehicle charging stations across america. it also provides $16.5 billion
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to modernize our power grid, how we move electricity across america. companies like seamen are investing in the united states. and you just heard from barbara, they are announcing an investment to upgrade and expand those facilities in texas and in california, to develop high-tech electrical equipment used in electrical switchboards, electrical vehicles, chargers on the highways and data centers. this announcement will create 300 new good cutting edge manufacturing jobs. america is coming back, it really is. in addition to that, siemens will build a new facility for electric vehicles. the location will be announced later this year. i do not know where it is, so do not ask. many of my colleagues will be saying, joe, where will it go?
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i do not know, it will be in america. look, when i got elected i said i wanted to rebuild america. this is what i was talking about. we want to see a lot more stories like this one. so when the taxpayers dollars to rebuild america, because that is what they are, we are going to buy american, buy american products to support american jobs. these are the best products in the world. the federal government spends about $600 billion a year in goods and services to fill its responsibility to the american people, the defense department, health care and beyond. in fact, the federal government is siemens largest customer. most people do not know that there has been a long time, for almost a century, to make sure that tax dollars support american jobs and american businesses. every administration says they will use that law, but when it
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comes time to make purchases, whether that is the deck of an aircraft carrier or a ventilation system in a school, the response from the government often is we cannot find an american company so we need to issue a waiver and buy the product that was made overseas, not by american workers. so buy america became a hollow promise. bu my administrationt -- in my administration, it is a reality. we have created an office to oversee efforts. and you heard from celeste, who runs at the office. my first cabinet meeting i told everyone that if their agency wants to issue a waiver, to purchase something further agency and what they will be responsible for. they do not need to use -- guess what, they have to come to the white house office and to set up and explain to me why they have
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to post a request, why they cannot by american. and they will have to do it publicly on our site, so that american businesses have a chance to raise their hand and say, no, i can do that. i could do that in my shop, in my town. today we are going even further, announcing the biggest change in 70 years. right now, if you are manufacturing a product that gets purchased by the federal government, the law says there must be all the product made in the united states, but because of loopholes over time -- when i took office, it meant 55% is made in america, substantially to all. to me, 55% is not substantial, it is slightly over half. today we are issuing the rule to raised the amount of domestic
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content required to be considered made in america from 55% to 75%. substantially all is going to start meeting substantially all. today, we are also announcing a new framework for critical products where we know we need more resilient domestic supply chains. we saw during the pandemic th supplyt chain disruptions can put american lives at risk. when we needed it the most, when we were short on masks, gowns and gloves, ventilation and other essential health products, we had to buy them abroad. so we are creating a new price preference. what this means is if we are identifying a product that's so critical to our resilience, that we will create rules that will allow us to pay a little more for them if they are made in america. we are talking about things like semi conductors, some pharmaceutical agreements,
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advanced batteries and other things. it is worth it for us to ensure that we have the domestic capacity to protect us from price spikes into shortages in the future. yes, we will keep trading with our allies and we will work with them to ensure that every country can create checkpoints for critical goods, you cannot have enough chokepoints. but we also need supply chains of our own so that we are never at the mercy of other countries for critical goods ever again. by the way, when i say buy america, i mean all of america. i want to increase federal spending on goods and services that go to small businesses, the backbone of our country. last year, implant increased at the number of contacts that go to small disadvantaged businesses by 50% by 2025. this means more contracts will go to black, brown, native american, women-owned businesses
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in every state and territory, in every industry from services to manufacturing to agriculture. we have already seen success. businesses have won contracts to provide masks to the government, veteran owned small businesses are producing specialty trucks and trailers for the department of veterans affairs and to the army. we have seen other successes that will allow us to make synthetic rubber gloves in alabama, fibers that go into n95 masks, shipping containers in maryland and the list goes on. here is what it adds up to, today i am placing a bet on america. everyone here is going to make sure that it pays off, everybody on the stage. i will say today what we have seen in the past months is more reason why we need to reject a defeatist view the automation and globalization means we cannot have good paying union jobs in manufacturing in
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america. our economic future, our solution to the climate crisis, they are all going to be made in america. what that means, to build a better america -- it does, we are going to build a better america. thank you all and i thank my colleagues for being here. to the folks in the front, welcome. and thank you to all those in california and texas. thank you. [background chatter] >> thank you. thank you, guys. [applause] [cheers] announcer: we will get an update from the pentagon on the administration's response to russia's invasion of ukraine. it is scheduled to start at 2:00 p.m. we will take you to the pentagon live as soon as john kirby begins his remarks.
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announcer: c-span is your unfiltered view of government, funded by these television companies and more, including comcast. >> do you think that this is a community center? no, it is way more. >> comcast is partnering with community centers to create wi-fi enabled computer so students can get the tools they need to be ready for anything. announcer: comcast supports a public service along with other television providers, giving you a front row seat to democracy. host: we are joined by timothy fry, who is a professor of post-soviet foreign policy at columbia university. he is also the author of several books on russia and russian leadership. weak strongmen: the limits of power in putin's russia. you have been studying vladimir putin for some time. how would you

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